Sunday, 16 August 2015

FMSS: A convenient vehicle to which millions of dollars went from the Town Council


WAS FMSS needed to take over from the previous managing agent and provide services to the town council?

In 2011, after winning Aljunied GRC, WP quickly appointed FMSS as their new managing agent, citing the lack of time to call for an open tender.

FMSS is a company set up by longtime friends and supporters of WP, Danny Loh and How Weng Fan ( husband and wife) who had acted as assentor and proposer for WP in AMK during the 2006 GE. Mr Yeo Soon Fei is a shareholder of FMSS.

FMSS was set up just 7 days after the election in 2011.

Prior to the existence of FMSS, Danny Loh and Yeo Soon Fei were employees of the Hougang Town Council.

After GE 2011, Mr Loh became the secretary of the TC and Mr Yeo became its deputy general manager.
WITH OR WITHOUT FMSS, the same people were in charge of providing services to the town council. 

FMSS was not necessary.

So why was FMSS set up?

[It was a convenient vehicle to which millions of dollar went from the town council . And another obvious question: Money that went to FMSS - Where did it actually go? What happened to it?]
- K Shanmugam, in parliament

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